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Well done ShareSoc - iii exposed for screwing its customers out of £5m: time to switch stockbroker
The ShareSoc blog it can, now and again, have some cracking material - today it exposes Interactive Investor Limited for putting its clients cash at risk to screw extra cash out of them. This is shocking. and anyone with a stockbroking account at iii or TD Waterhouse which it now owns should open an account elsewhere and start moving spare cash and the proceeds of share sales there. iii is clearly run by total bastards.
- By Tom Winnifrith |
- 10 July 2017, 04:45 |
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Strange Goings on at Milestone Group – funds in the door at .29p vs 0.14p prevailing
AIM-listed Milestone Group (MSG) has had a colourful history recently when it comes to raising money. There was the cash which didn’t arrive which the company ‘fessed up to rather late in the day. There was an RNS dated 3 August last year which announced a placing which was already announced in the company’s Interims in June 2016. Now we have a new investor ponying up £1.5 million at 0.29p against a share price of 0.14p when the company was surely running on fumes.
- By Nigel Somerville |
- 10 July 2017, 04:39 |
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Tom Winnifritb Bearcast: lessons from Carillion, 88 Energy, MySQUAR and the faux political correctness of my father exposed
Here I am in Shipston with my father who enjoys bearcasts if they mention him so just for that reason I record again. His faux political correctness is exposed by the issue of coverage of women's cricket in The Guardian - the dreadful newspaper he has delivered to try to fool my family of public sector "working" lefties that he is one of them. In terms of the market I look at Carillion (CLLN) and 88 Energy (88E). Shares in both companies are collapsing today and I look at why and at what lessons folks should be learning. You could so easily have avoided losing money on both. Please note Malcolm Stacey and other Ocado (OCDO) bulls, lesson one on Carillion is for you. I also make it clear that while he may have some of the attributes of a Bulletin Board Moron as he showed HERE, Evil Knievil is not, in fact, a BBM, I was just joshing him when I suggested otherwise. En passant I look at MySquar (MYSQ) and explain why today's exposes HERE and HERE may refer to events a long time ago but are pertinent.
- By Tom Winnifrith |
- 10 July 2017, 04:02 |
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The dubious modus operandi of MySQUAR boss Erik Schaer part 2
Our recent coverage of AIM Bulletin Board Moron darling MySQUAR (MYSQ) HERE and HERE should leave you in no doubt that this is a piece of crap heading for 0p. At the heart of the issues are the related party deals conducted with other Schaer companies which explain most of the "sales" MySQUAR reports. Earlier toady we ran a piece which exposed the dirty business practices of Schaer when he used to operate in the USA, as you can see HERE. Now for part two which shows what an A grade shyster the man is, another reason to exit this stock ASAP before it goes tits up.
- By Tom Winnifrith, The Sheriff of AIM |
- 10 July 2017, 03:05 |
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Octagonal - First gazette for Company Strike off - is there an RNS due perhaps?
Any company employing disgraced Nilesh Jagathia of Teathers infamy is a good bet either to go tits up or to get into a spot of bother for not filing documents properly at Companies House. And that brings us to Octagonal (OCT) PLC where clueless Nilesh does the books.
- By Tom Winnifrith |
- 10 July 2017, 02:38 |
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MySquar - tell us about the CV of CEO Erik Schaer & why has he surrendered his US passport: part 1
Our recent coverage of AIM Bulletin Board Moron darling MySQUAR (MYSQ) HERE and HERE should leave you in no doubt that this is a piece of crap heading for 0p. At the heart of the issues are the related party deals conducted with other Schaer companies which explain most of the "sales" MySQUAR reports. Does Schaer walk on water? Er...let's look at his CV.But before we start I notice that he surrendered his US passport in 2015. I wonder why?
- By Tom Winnifrith, The Sheriff of AIM |
- 10 July 2017, 02:24 |
Winner of the Bulletin Board Moron of the Week Contest - sponsored by the FD-less FRAUD Aquatic Foods
It's so very rare to have a winner outside of the LSE asylum, but this week we managed it. May the force be with you.
- By Darren Atwater |
- 10 July 2017, 02:00 |
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Paternoster Resources - the Elephant in the valuation room
Yesterday I explained at length HERE why I would not touch Paternoster Resources (PRS) shares with a bargepole - they look cheap in relation to asset value but are not. Indeed I think that the real realisable NAV today is far lower than the last, March 31, stated NAV. Let us just look at an unlisted investment as a case study - Elephant Oil.
- By Tom Winnifrith, The Sheriff of AIM |
- 10 July 2017, 01:43 |
Ever Read Sir Gawain and the Greene King? Well, this Brewer Needs No White Knight to keep on Making Cash.
Hello Share Turners. Recent results from Greene King (GNK) were a dose of good news in a difficult consumer market. Operating profits were up by about 5%, while revenues on the year were up nearly 7%.
- By Malcolm Stacey |
- 10 July 2017, 01:06 |
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Lagos Securities put on the record re the Mercantile ports fraud again - letter 5
When disgraced AIM casino posterboy Mercantile Ports & Logistics (MPL) moves from being a member of the minus 98% club in which it currently sits to being a member of the minus 100% club, I want it known that Nomad Cenkos has been fully aware of massive issues all along and has done nothing other than bank obscene fees. As such we have run a series of letters from a big shareholder to Amber Wood, head of Corporate Governance at Lagos Securities, HERE and HERE and HERE and HERE. Now for letter five which puts fragrant Amber and Lagos, Nomad to the Quindell (QPP) fraud as well, on notice for when the final wipeout occurs that they will be held accountable. This letter has also been cc'd to AIM Regulation - I know they are useless but surely even they must realise that Lagos Securities has "form."
- By Tom Winnifrith, The Sheriff of AIM |
- 9 July 2017, 09:13 |
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If all else fails - buy a lithium licence! The "business plan" for AIM joke Arian Silver
When a tiny AIM company suddenly becomes popular all over Twitter and the bulletin boards, and without any real news to justify that sudden attention, then you have to question why it is happening.
- By Gary Newman |
- 9 July 2017, 07:58 |
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FastForward Innovations: Another disappointing Lorne deal – disgraceful non-disclosure
Tom covered the key headlines on the year-end results of Jim Mellon's FastForward Innovations (FFWD) on Friday but I wanted to focus in on a couple of points, most notably the exorbitant amount Lorne Abony, CEO, gets paid considering the despicable way in which he treats his shareholders and the shocking performance, and non-disclosure, of one of the investments that he brought to the table, namely Vemo.
- By Cynical Bear |
- 9 July 2017, 05:44 |
ShareProphets China AIM 'Filthy Forty' update – the frauds scrambling to get 2016 results out in time edition
Since our previous update, most of the remaining ShareProphets China AIM 'Filthy Forty' companies have been scrambling to get results out in time, two further have been suspended and another (MoneySwap) has been booted off the AIM Casino - to follow the likes of Geong International and co in 'Geong, Geong' and then Gone...
- By Steve Moore |
- 9 July 2017, 02:51 |
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Paternoster - at a c50% discount to NAV surely the shares are cheap? er...no
My attention is drawn to the curious way that Paternoster Resources (PRS) communicates information to its long suffering shareholders and prompted to ask if the shares are as cheap as they look. Of course they are not.
- By Tom Winnifrith, The Sheriff of AIM |
- 9 July 2017, 02:24 |
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Exclusive: Watchstone flogs another business back to the old Quenron gang - when will it tell the market?
Suffice to say the big winners from this transaction are the old gang, the associates of the King of the fraudsters Robert Simon Terry, not shareholders in Watchstone (WTG), Quindell (QPP) as was. But its remiss of the new team at Quenron not to keep you updated. So let me assist.
- By Tom Winnifrith, The Sheriff of AIM |
- 9 July 2017, 02:17 |
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Charlotte Hogg: Disgrace does not last long for establishment swine: new Visa job
In late March of this year, Charlotte Hogg was eventually forced to resign as deputy Governor of the Bank of England for a clear breach of conflict of interest guidelines, a breach of rules she knew well as they were drawn up by her. I predicted then that she would be back and it would not take long. You could see the writing was on the wall as the establishment praised her for "doing the honourable thing". Bollocks.
- By Tom Winnifrith |
- 9 July 2017, 02:15 |
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When will Amanda van Dyke fess up to the bloody mess at Glenwick? 7 Questions
Booted off the AIM Casino in March for failing to do an RTO on time, Amanda Van Dyke's Glenwick (GWIK) is nothing if consistent: it keeps missing deadlines. Cash is almost certainly zero, or near as damn it, by now but how about an update? So far no news is bad news for this related party infested failed ramp.
- By Tom Winnifrith, The Sheriff of AIM |
- 9 July 2017, 02:08 |
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Notes from Underground: Price of everything, value of nothing
The number one story this week is EXPLOSIVE: Conman Darren Winters and his evil wife Tatjana slammed by Judge in another Courtroom thrashing - full transcript. Yet, I don't think it is the number one story merely because the subject matter is a popular one. Last week, the number one story was Exclusive: The full Slater & Gordon High Court Claim against Watchstone for £537m - damning on Rob Fielding, David Curry & the lies Quindell told.
- By Darren Atwater |
- 9 July 2017, 02:06 |
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Nearly Time to Short Tesla
I am not a great fan of shorting crazy valuations on the basis that they tend to get crazier. For this reason, I have not been short the likes of Fevertree (FEVR) or Purplebricks (PURP), as calling the top is well-nigh impossible.
- By Lucian Miers |
- 8 July 2017, 09:27 |
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Columbus Energy - we tip this a 3rd time - a buy worth 3.5p
We tipped these shares a couple of weeks ago for a third time. The shares are now 2.7p in the middle and so even at the bid we are up on this one. But our target to sell at 3.5p+ so there is more to go for. Our original share tip reads:
- By HotStockRockets |
- 8 July 2017, 09:18 |